Business, 21.01.2021 22:50 naysia2006

Bennington Company applies manufacturing overhead by using a predetermined rate of 120% of direct labor cost. The data that follow pertain to job no. 831: Direct material cost $83,000
Direct labor cost 41,000
If Bennington adds a 20% markup on total cost to generate a profit, which of the following choices depicts a portion of the accounting needed to record the credit sale ofjob no. 831?
Account Debited Amount
A. Accounts Receivable $173,200
B. Accounts Receivable $207,840
C. Finished-Goods Inventory $173,200
D. Finished-Goods Inventory $207,840
E. Sales Revenue $207,840
Multiple Choice
a. Choice A
b. Choice B
c. Choice C
d. Choice D
e. Choice E

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:00

You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?

Answers: 2

Answer

Business, 22.06.2019 13:40

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Answers: 1

Answer

Business, 22.06.2019 19:20

Why is following an unrelated diversification strategy especially advantageous in an emerging economy? a. it allows the conglomerate to overcome institutional weaknesses in emerging economies. b. it allows the conglomerate to form a monopoly in emerging economies. c. it allows the conglomerate to use well-defined legal systems in emerging economies. d. it allows the conglomerate to take advantage of strong capital markets in emerging economies.

Answers: 1

Answer

Business, 22.06.2019 22:00

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?

Answers: 3

Answer

You know the right answer?

Bennington Company applies manufacturing overhead by using a predetermined rate of 120% of direct la...

Questions

Engineering, 08.09.2021 18:10

Which of the following describes Blaise Pascal’s most important discovery? 1. the invention of a mechanical adding machine capable of calculating mu...